Home foreclosures are rising, RealtyTrac reports, up 2.26 percent from January to February, raising worries about a housing recovery.

The average price to buy a foreclosed home rose 3.84 percent, to $179,000, The Street reports.

Most of the problems are in California and Florida, according to the Mortgage Bankers Association, Banking My Way reports.

In fact, the number of subprime ARM foreclosure starts in California during the third quarter equaled the starts in 35 other states combined. California and Florida together have 36.4 percent of all of the prime ARM loans in the U.S. and 42.4 percent of the foreclosure starts for those loans.

Foreclosed property held by 73 St. Louis banks has been declining, to $457 million in the third quarter from $513 million a year earlier and $484 million two years earlier.

Banking, Financial Services

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